How To Apply For The Ppp Loan 2021. Previously, the coronavirus assistance program for small businesses was set to expire on march 31st. Famu federal credit union is pleased to offer the ppp loan program to assist small businesses.
As of march 30, 2021, the sba says you have to wait at least 8 weeks from getting your ppp first draw funds to be able to apply for a ppp loan second draw, but we have seen otherwise. For a second ppp loan, the revenue drop needs to. If your business falls into one of the “typically ineligible” categories, but the ppp laws or rules have already allowed you to get a first ppp loan, you may be eligible for a second ppp loan.
Click here to apply for a first or second ppp loan.
For a second ppp loan, the revenue drop needs to. The paycheck protection program ran out of money last spring, and that could happen again here in 2021. You can also consult the sba's list of participating lenders. Ppp loan amounts are capped at $2 million.